Commodities (Crude Oil & Copper) & Macro Outlook

According to OPEC+, the cartel will increase daily crude oil production by 188,000 barrels starting in August, the organization announced on July 5. The decision was made by seven member countries—Saudi Arabia, Russia, Kazakhstan, Iraq, Kuwait, Oman, and Algeria—during a video conference. The produc

According to research from Guotai Huatong cited by Jin10 on July 5, China's summer travel season is ramping up with hotel and train bookings increasing year-over-year. Flight ticket presales have accelerated since late June, though ticket booking progress trails 2025 levels due to rising

According to Odaily, the U.S.-led Combined Maritime Information Center reported on July 5 that 70 commercial vessels were escorted through the Strait of Hormuz from July 2-4, a sharp decline from the pre-conflict daily average of 138 vessels. Daily throughput dropped consecutively: 33 vessels on Jul

According to Iraqi oil officials, Iraq's oil exports totaled approximately 24.5 million barrels in June.

According to Jin10 on July 5, Iran and Qatar have resumed maritime trade after a five-month suspension. An Iranian official at the country's embassy in Qatar stated that following coordination with Qatar's relevant authorities, the Port of Al Ruwais has restarted receiving Iranian cargo from Iran's

Iraq's oil minister recently announced a five-year agreement with Halliburton to increase crude oil production at the Bin Umar oil field to 150,000 barrels per day, with associated gas production reaching 300 million standard cubic feet per day. The partnership aims to enhance output from the

OPEC+ announced its next meeting will be held on August 2, 2026.

According to Bloomberg citing multiple sources, OPEC+ approved on July 5 an increase of 188,000 barrels per day in August crude oil production targets. The decision, ratified in a video conference among seven OPEC+ members led by Saudi Arabia and Russia, marks the fifth consecutive month of producti

Japan has launched its first domestic program to recycle rare earth elements from废弃 home air conditioners, led by Mitsubishi Electric, as China continues strengthening rare earth export controls. The initiative extracts rare earth materials from permanent magnets inside compressor units of outdoor a

According to China Galaxy Securities report released July 5, civil aviation passenger traffic declines have narrowed to single-digit levels in late June as oil prices gradually decline. The brokerage expects further reductions in aviation fuel surcharges and gasoline prices in July, with prices decl

According to sources familiar with the matter, OPEC+ has agreed in principle to raise crude oil production quota by 180,000 barrels per day starting in August, as the coalition convened for its monthly meeting on

According to Kyiv Independent and Moscow Times, Ukrainian forces conducted long-range drone strikes on petroleum facilities and military targets in St. Petersburg on July 4, located approximately 1,100 km from the Ukrainian border. President Volodymyr Zelenskyy announced on social media that the str

According to OPEC+ sources, the organization has in principle agreed to increase its daily oil production target by 188,000 barrels starting in August.

Crude oil exports from the Gulf region exceeded 10 million barrels per day in June, marking a significant rebound amid easing Middle East tensions and recovery of Hormuz Strait shipping. However, current export

According to BlockBeats, next week's global markets will be dominated by the U.S. Federal Reserve's June meeting minutes and European Central Bank minutes, with investors scrutinizing the Fed's latest stance on inflation and rate trajectory under new Chair Jerome Powell's leadership. The Fed minutes

Cryptocurrency exchange VALR is preparing to roll out a major expansion of its derivatives offering with the launch of 'Perps,' a cross-asset perpetual futures product introducing more than 200 new markets. The upgrade allows customers to take leveraged long or short positions across global

According to Kiwoom Securities, South Korea's exports reached $102.25 billion in June, surging 70.9% year-over-year and marking the highest monthly figure on record. The gains were driven by expanded AI investment and strong memory chip prices. However, the semiconductor sector's rapid expansion

US and Korean stock markets declined since mid-May despite falling interest rates and oil prices. The NASDAQ index dropped 5.3% from mid-May, while WTI crude fell from the $70s to the $60s per barrel. Investor concerns over corporate earnings and technology sector demand are outweighing the

According to South Korea's Ministry of Land, Infrastructure and Transport, the government unveiled the 5th Overseas Construction Promotion Plan on July 5, shifting the sector from construction-focused work toward high-value industries combining advanced technology and global finance. The plan

Korean stocks defied conventional market expectations since mid-May, with declining oil prices and stabilizing interest rates failing to boost traditional growth sectors. SK Securities analyst Kang Dae-seung identified in a report published on the 2nd that money is shifting away from large-cap